BOSTON (Reuters) - Directors of State Street Corp <STT.N> paid departing Chief Executive Ronald Logue $5.4 million as the cash portion of his incentive compensation for last year, the company said in a securities filing on Wednesday. Half the cash will be ...
<div id="subtitle">Iowa nuns say Boston bank lost over $1 million of their assets in risky subprime mortgages</div><div><p>An order of Iowa nuns has sued a State Street Corp. bank for putting their money in risky subprime mortgages instead of more conservative investments.</p><p ...
<div id="subtitle">Bulk of volume has been dominated by buyers</div><div><p>Shares of super-regional bank State Street (NYSE: STT, Stock Forum) are were trading around $34.60, up fractionally in yesterday's trading. Since its March 9 close of $17.61, the stock has nearly doubled. Clearly, the ...
<div id="subtitle">State Street shares tumble as 4th-qtr profit falls, company forecasts difficult 2009</div><div><p>State Street Corp. shares dove to a 13-year low on Tuesday after the commercial bank reported a 71 percent drop in fourth-quarter earnings and warned of a difficult year ahead.</p>< ...
<div><p>In 1923, Sir John Maynard Keynes famously quipped that, "the long run is a misleading guide to current affairs. In the long run we are all dead/This wisdom doesn't seem to have permeated through the ranks of global equity fund managers. Even ...
<div><p>Nice move, Jeffrey Immelt. The boss of GE has done what looks like a very neat deal with Mubadala - the sovereign wealth fund of Abu Dhabi.</p><p>Until now Mubadala's highest profile deal has been its 5% stake in Ferrari and a sponsorship ...
<div><p> </p><p>7:30 a.m. Geraldine Ferraro and Arianna Huffington moderate a panel discussion on the 2008 Presidential Elections sponsored by New York Women in Communication. At The New York Times Building, fifteenth floor, 620 Eighth Avenue. </p><p>8 a.m. Comptroller Bill Thompson ...
<div><p>ROBERT ALLEN</p><p>Group Treasurer</p><p>British American Tobacco</p><p>Robert Allen, appointed group treasurer effective this past June, replaces David Swann, who has now retired. Based in London, Alien works with a team of 20 professionals across the ...
<div><p>The US bank rescue program kicked into gear Monday with news that nine major banks will receive 125 billion dollars in capital injections this week from the government.</p><p>Several smaller banks also announced plans to join the program in which the Treasury would ...
<div id="subtitle">Stock futures rise after drop last week, investors await data on housing market</div><div><p>U.S. stocks signaled a moderately higher open Monday as investors look for bargains after last week's pullback.</p><p>Investors are again examining the housing market for ...
